RE:RE:RE:RE:RE:Manipulation Continues Lumber,
You will see there is cash burn quarter over quarter that started in Q2 (the last bad quarter).
The cash burn I am refering to is the cash balance at the end of the quarter on the balance sheet.
One can also include A/R minus A/P to give net inflow expected on the balance sheet.
Here are the numbers:
Q2/2016: Cash Balance: 145M, A/R-A/P: 208M-155M= 53M expected cash inflow
Q1/2016: Cash Balance: 178M, A/R-A/P: 237M-187M= 50M expected cash inflow
Result: whether you include A/R-A/P or not, you have a decline in cash from Q1 to Q2.
As i said before, declining cash(you can include A/R-A/P if you wish), while substracting off cash raised in same the period (quarter) through equity or debt issues to give "real" cash burn... is what matters most in high debt, troubled company prospects situations, over EBITDA, cash flow, or adjusted earnings.
It is the cash balance on the balance sheet that matters, did it decline quarter over quarter...that is what drives direction.
When this reverses...then the stock can rise again.
What do you expect to happen in Q3? Again, if more cash burn then more pressure on stock price.